Focused Financial Engineering

Stress testing for nonfinancial companies

Source: McKinsey&Company. Assessing a company’s vulnerability to risk makes otherwise theoretical discussions of strategy more real. In the decade since the global financial crisis, financial companies have honed their ability to measure risk in a way that nonfinancial companies have not. Granted, nonfinancial executives hadn’t faced the same existential crisis. And they’ve seldom come under the same kinds of investor […]

Didier Sornette: How we can predict the next financial crisis

The 2007-2008 financial crisis, you might think, was an unpredictable one-time crash. But Didier Sornette and his Financial Crisis Observatory have plotted a set of early warning signs for unstable, growing systems, tracking the moment when any bubble is about to pop. Didier Sornette (born June 25, 1957 in Paris) is Professor on the Chair of Entrepreneurial Risks at the Swiss Federal Institute […]

PRIMO Risk Management Award for the City of Utrecht

The city of Utrecht received the PRIMO Risk Management Award for their excellent organisation of Le Grand Départ de Tour de France 2015. On the 9th of December 2016, chairman of PRIMO Nederland, Michel Bezuijen, handed over the award to the mayor of the municipality of Utrecht, Jan van Zanen. The choice for Utrecht was based on the ‘excellent’ in the evaluation report […]

The Global Competitiveness Report

Source: World Economic Forum. We face a large challenge—how to build a more prosperous and inclusive world for all. As a flagship effort of the Forum’s System Initiative on Economic Growth and Social Inclusion, The Global Competitiveness Report serves as a tool for public-private collaboration on long-term competitiveness agendas contributing to this objective. From the perspective of the Global Risks Report […]

Misconduct and Systemic Risk

Source: WSJ City The global financial system is subject to emerging vulnerabilities from misconduct by traders and bankers as well as from developments in financial technology, Mark Carney wrote in a letter to leaders of the Group of 20. The Bank of England Governor — writing in his capacity as the chairman of the Financial Stability Board — said the FSB was pursuing a “major” work […]

Uncertainty

By Jack Kruf A week ago, the United Kingdom voted for Brexit. ‘We are out’. The buzzword last week was  ‘uncertainty’, coming from the mouths of thousands of politicians, citizens and business leaders. The last seven days it was by far the most mentioned issue, word, context with huge consequences for the market. ISO defines risk as ‘the effect of uncertainty on […]

Partenariat pour la bonne gouvernance

RISKOSOFT et PRIMO ont signé un accord visant à renforcer la bonne gouvernance des organisations et des entreprises publiques, à partir du 1er Juillet 2016. Pascal Lele, Directeur Général de RISKOSOFT, John O’Dea, Secrétaire Général de PRIMO et Jack Kruf, Président de PRIMO, ont signé l’accord la semaine dernière à Bruxelles. Ces dernières années, presque tous les types d’organisations sont […]

Strengthening Value and Risk Culture Using a Real-time Logical Tool

Source: ISACA Journal Quote from Introduction: “While many lessons were learned from the 2007 global financial crisis, the Basel Committee on Banking Supervision identifies as one of the most significant the fact that the IT and data architectures used by banks were inadequate to support comprehensive management of financial risk. Many banks lacked the ability to aggregate risk exposures and identify concentrations quickly and accurately at the bank group […]

Compliance Horizon Survey 2015

The Risk Advisory Group surveyed over 200 compliance professionals in their Compliance Horizon Survey 2015 from across the UK, Europe and beyond to pinpoint the key issues for the industry going in to 2016.  The respondents said they exposed to risk and lack confidence in their team’s resources to protect the business. The headlines: Quote The majority (83 per cent) of compliance […]

Lloyd’s City Risk Index 2015-2025

Lloyd’s City Risk Index 2015-2025 analyses, for the first time, the potential impact on the economic output (GDP@Risk) of 301 of the world’s major cities from 18 manmade and natural threats: 301 cities, 18 threat, US$4.56trn at risk. Based on original research by the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School, the Index shows how governments, businesses and […]